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With plans for three new electric vehicles by 2020, could Audi become the Tesla of Europe?

By midian182
Jul 26, 2016
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  1. Tesla doesn’t have the monopoly on electric vehicles; many large automakers have already gotten in on the electric car market, with Audi previously announcing its intention to ramp up production by releasing one EV every year starting in 2018.

    Last Wednesday, company CEO Rupert Stadler outlined these plans to release three electric vehicles by 2020 to managers at a closed-door conference in Munich, reports Reuters. Audi expects electric cars to make up 25% to 30% of all its annual sales by 2025, putting it in direct competition with Tesla. Based on current figures, that would equal around 450,000 cars per year.

    Audi’s decision to invest a third of its R&D budget into electric cars, an area that is still losing money for many vehicle manufacturers, is partly a result of the emissions-test cheating scandal that damaged the reputation of its parent company Volkswagen.

    The German company is also looking to challenge the likes of Tesla and Google in another area: autonomous vehicles. Audi will set up a subsidiary called SDS that will produce the firm’s first self-driving car. "This is about a robot car that may not even need a steering wheel or pedals, so it's ideal for urban traffic," Stadler said, adding that Audi was still looking for partners to help develop the technology.

    Lastly, Audi is looking at implementing fuel cell tech into its cars, but it says this is a long-term plan as the lack of charging stations won’t make these vehicles a viable option until at least 2020. Speaking about the demand for fuel cell cars, Stadler said: "That is less a question of technology, we are already quite good at that. It's rather going to be a question of infrastructure."

    As Audi moves more resources into these technologies, the company will “reduce complexity” in other areas.

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    Last edited by a moderator: Jul 26, 2016
  2. Skidmarksdeluxe

    Skidmarksdeluxe TS Evangelist Posts: 6,490   +2,040

    As the big manufacturers start to pick up steam in electrical vehicle production Tesla will probably eventually fade into obscurity but at least they should be remembered for getting the ball rolling.
     
    OgnDulk likes this.
  3. mosu

    mosu TS Guru Posts: 422   +48

    In my opinion Audi is one of few car companies suited for electric car production. I let you pick the reason(s) but don't forget it's a luxury brand.
     
    OgnDulk likes this.
  4. yRaz

    yRaz TS Evangelist Posts: 1,898   +941

    Tesla will account for 2/3s of the world's lithium battery production by 2023, they'll be making money on every EV sold regardless of branding
     
    OgnDulk and Reehahs like this.
  5. RustyTech

    RustyTech TS Guru Posts: 865   +434

    Indeed! I think this was Elon Musk's plan all along anyway.
     
    Skidmarksdeluxe, OgnDulk and Reehahs like this.
  6. Skidmarksdeluxe

    Skidmarksdeluxe TS Evangelist Posts: 6,490   +2,040

    It wouldn't surprise me in the least.
     
  7. Skidmarksdeluxe

    Skidmarksdeluxe TS Evangelist Posts: 6,490   +2,040

    Very possible, then they'll exit the car manufacturing business and concentrate on that rather.
     
  8. yRaz

    yRaz TS Evangelist Posts: 1,898   +941

    Or they will continue he to drive the market forward like they have been all along. If they planned on exiting the market I don't think theyd have released the Model 3.
     
  9. Skidmarksdeluxe

    Skidmarksdeluxe TS Evangelist Posts: 6,490   +2,040

    They won't stop what they're doing just yet but as I said, when the big boys come out to play with their toys they'll be able to overwhelm the market with very affordable products and Tesla just won't be able to complete on the vehicle side of things... but they just might corner the market with battery production.
     

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